Global Video Surveillance Market Size Insights Forecasts to 2032
- The Global Video Surveillance Market Size was valued at USD 48.82 Billion in 2022.
- The Market Size is Growing at a CAGR of 8.3% from 2022 to 2032
- The Worldwide Video Surveillance Market Size is expected to reach USD 107.7 Billion by 2032
- Asia Pacific is expected to Grow the fastest during the forecast period
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The Global Video Surveillance Market Size is anticipated to exceed USD 107.7 Billion by 2032, Growing at a CAGR of 8.3% from 2022 to 2032. Rising security concerns, increased adoption of smart city initiatives, increased demand for business intelligence and analytics, and technological advancements such as AI-powered video analytics. These factors are driving the expansion of the video surveillance market. Furthermore, regulatory requirements for enhanced security measures, as well as the need for remote monitoring and real-time access to surveillance feeds, all contribute to market growth.
The global video surveillance market is an innovative and rapidly evolving sector within the larger realm of security and surveillance systems. It includes the use of advanced technologies such as cameras, recorders, and analytics software to monitor and capture visual data in a variety of settings such as public spaces, commercial establishments, industrial sites, and residential areas. This market is critical to improving global security, crime prevention, and incident management. The video surveillance market has grown significantly in recent years, owing to growing concerns about public safety, theft, vandalism, and terrorism. The convergence of high-resolution cameras, cloud-based storage solutions, artificial intelligence, and Internet of Things (IoT) connectivity has transformed video surveillance system capabilities. These technologies enable real-time monitoring, data-driven insights, facial recognition, and behavior analysis for businesses, governments, and organizations, transforming video data into actionable intelligence.
This research report categorizes the market for the global video surveillance market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the video surveillance market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the video surveillance market.
Global Video Surveillance Market Report Coverage
|Market Size in 2022:||USD 48.82 Billion|
|Forecast Period 2022-2032 CAGR:||8.3%|
|2032 Value Projection:||USD 107.7 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Offering, By System, By End-User, By Region and COVID-19 Impact Analysis.|
|Companies Covered:||Avigilon Corporation, Axis Communications AB, BCDVideo, Bosch GmbH, Dahua Technology Co., Ltd, FLIR Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd, Honeywell International, Inc, Huawei Technologies Co., Ltd., Panasonic Corporation, Pelco, Others, and other key vendors.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The video surveillance market is expanding, largely due to the widespread adoption of artificial intelligence (AI) technology. In contrast to traditional methods, which rely on human operators to monitor and interpret video footage, which is prone to errors and time constraints, AI-driven video analytics algorithms make use of machine learning and computer vision techniques. These algorithms efficiently process massive amounts of video data, allowing for real-time threat detection, object recognition, behavior analysis, and other sophisticated features. This analysis automation leads to increased precision and effectiveness in video surveillance operations. The growing demand for advanced video analytics is driven by the need for effective and precise surveillance capabilities. AI-powered systems have the potential to transform intelligent security solutions.
A growing number of countries and regions are enacting stricter privacy regulations to govern the use of video surveillance technology, requiring businesses to take greater responsibility for data captured. This is especially important in the case of remote or cloud-based video storage, where unauthorized access, leakage, or theft of recordings pose significant risks. Various jurisdictions around the world are enacting privacy protection legislation, such as Europe's General Data Protection Regulation (GDPR) and the United States' Federal Information Security Management Act (FISMA). As a result, organizations are becoming more aware of the risks associated with data breaches and exercising greater caution when selecting security solutions. These factors are expected to limit market growth.
The Global Video Surveillance Market share is classified into offering and system.
- The AI-Driven Video Analytics segment is expected to grow at the highest pace in the global video surveillance market during the forecast period.
The global video surveillance market is categorized by offering into Camera, Storage Devices, Monitors, AI-Based VMS, Non AI-Based VMS, Video Content Analysis, AI-Driven Video Analytics, and VSaaS. Among these, the AI-Driven Video Analytics segment is expected to grow at the highest pace in the global video surveillance market during the forecast period. AI-powered analytics enable real-time video data analysis for a variety of applications, including crowd monitoring, anomaly detection, and predictive maintenance. These systems use machine learning algorithms to improve their accuracy and performance over time.
- The IP segment is expected to hold the largest share of the global video surveillance market during the forecast period.
Based on the system, the global video surveillance market is divided into IP, Analog, and Hybrid. Among these, the IP segment is expected to hold the largest share of the global video surveillance market during the forecast period. IP cameras are digital cameras that transmit video and audio data over a network, such as a local area network (LAN) or the internet, using the Internet Protocol. They have several advantages over analog cameras, including higher resolution, better image quality, remote access, and advanced features like analytics and system integration. IP cameras, which can be wired or wireless, are widely used in a variety of applications, including residential and commercial security, industrial monitoring, and public safety.
Regional Segment Analysis of the Global Video Surveillance Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold a significant share of the global video surveillance market over the predicted timeframe.
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North America is projected to hold a significant share of the global video surveillance market over the predicted years. Because of its advanced technology infrastructure, strong security concerns, and large number of industries and businesses, North America has traditionally been a major market for video surveillance. The region has seen widespread adoption of advanced surveillance systems, such as AI-powered analytics and cloud-based solutions. The United States and Canada are major contributors to this region's market growth.
Asia Pacific is expected to grow at the fastest pace in the global video surveillance market during the forecast period. Rapid urbanization, infrastructure development, and an increase in security concerns have all contributed to the growth of the video surveillance market in the Asia-Pacific region. China and Japan have been at the forefront of implementing advanced surveillance technologies such as facial recognition and AI analytics. The region's growing middle class, combined with industry expansion, has increased demand for security solutions.
The report offers the appropriate analysis of the key organizations/companies involved within the global video surveillance along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Avigilon Corporation
- Axis Communications AB
- Bosch GmbH
- Dahua Technology Co., Ltd
- FLIR Systems, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd
- Honeywell International, Inc
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In May 2023, Dahua Technology launched the AcuPick video search technology to assist users in accurately and conveniently locating target videos. Powered by front-end and back-end AI innovations, the product provides quick search, simple operation, and high accuracy, resulting in technological breakthroughs in the industry.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Video Surveillance Market based on the below-mentioned segments:
Global Video Surveillance Market, By Offering
- Storage Devices
- AI-Based VMS
- Non AI-Based VMS
- Video Content Analysis
- AI-Driven Video Analytics
Global Video Surveillance Market, By System
Global Video Surveillance Market, By End User
Global Video Surveillance Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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